Question

Tia invests $2,500 at an interest rate of 4%, compounded quarterly, and another $2,500 at an interest rate of 3.75%, compounded annually. How much are the investments worth at the end of 5 years?

A) $5,193.75
B) $5,968.7
C) $6,241.20
​ D) $6,055.73

Answer 1

I’m pretty sure the answer is A I hope that helps :)